BAHR
Helping new fund The asset management industry is growing fast. Gaining a foothold as a new player is nonetheless more challenging than ever. - You need to have what it takes – it is as easy and as difficult as that. We turn down a number of prospective clients here at BAHR. They have not got what it takes. When we say no, that is the last we ever hear of the project. In most cases that means that they have not been able to get it off the ground, says Peter Hammerich, Partner and Head of the BAHR Asset Management & Private Equity group.
Peter Hammerich
He chairs a group that is expanding continually. - Ten years ago you could provide legal advice on asset management with a couple of dedicated lawyers. These days, however, there is much to be said for having a larger team. We need to cover a lot of ground, including tax and structure, regulatory issues, compliance and fundraising, he says, before adding: - The legal framework facing asset managers is becoming ever more complex and detailed. We have to be continuously updated, and we need to have a thorough understanding of the opportunities available to each asset manager, as well as their investment activities. We are now 25 lawyers and will be 30 by the spring. That sets us apart from our Nordic competitors, and makes us one of the largest teams in Europe. - Bluefront Equity is one example of a newly established
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